Development Credit Bank – To announce good results on 13 April ?



DCB --- The stock has given a breakout above 47-48 levels day before. This gives a target of 55 in short term.

But given the fact that results are tomorrow booked out half or more quantity at small gains so any undue shock can not hit us now. Seems like stock may react very positively to the results.






  1. r singh
    April 14, 2012

    Hi Nooresh,
    As anticipated by you, the results seem to be good. However, the price fell — probably due to general market sentiment. So you’ve only to gain by selling before the result!

    1. Nooresh
      April 16, 2012

      Hi R Singh,

      Its like buy on rumours sell on news trade.

  2. natarajan t r
    April 15, 2012

    Hi Nooresh ,
    In the Friday melee, DCB fell down to 48.10. Later the very good results came as expected by you. Do you think Monday DCB can be bought again ?

    1. Nooresh
      April 16, 2012

      Hi Natarajan,

      We are out of the trade.

      Will look into it post RBI policy,


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